Harness Wealth

APRIL 17, 2025

Professional services require documentation that shows a direct benefit to your business, supported by contracts or engagement letters. In contrast, mixed-use services require careful allocation based on the business usage percentages. Travel, meals, and supplies must directly relate to legitimate business activities.

Taxes 52

Taxes Tax Planning Professional Services Planning 52

BlueMind

FEBRUARY 11, 2022

As is the case with all professional service providers, one of the most daunting and demanding tasks for financial advisors is staying on top of the paperwork when initiating a relationship with their new clients. The following is a list of only some of the documentation required when onboarding new clients.

Compliance 52

Compliance Financial Advisor Clients Electronics 52

Harness Wealth

MAY 17, 2025

Delawares tax system has unique features that distinguish it from federal tax filing, and knowing these differences will help you avoid common pitfalls and ensure compliance with state laws. It is important to review the current years guidelines to ensure compliance. Income thresholds for filing vary depending on filing status and age.

Taxes 52

Taxes Electronics Tax Planning Compliance 52

Harness Wealth

APRIL 29, 2025

Some require extensive record-keeping, regular board meetings, and additional compliance filings, while others maintain relatively straightforward compliance requirements. This protection extends to both business debts and potential claims arising from professional services, offering significant protection for tax practitioners.

Taxes 52

Taxes Compliance Distribution License 52